Preneed establishments; reduce amount of fine that Secretary of State may impose upon for late filing of their reports.

HB 1306 reduces penalties for preneed funeral service companies that miss annual reporting deadlines. It lowers the fine amount the Mississippi Secretary of State can impose for late filings of preneed contract reports (from $25 per day) and makes fines discretionary rather than mandatory. The bill directly affects preneed establishments (funeral service companies selling advance arrangements) by giving the Secretary flexibility in enforcing late-report penalties. This change modifies Section 75-63-67 of Mississippi law, focusing on administrative penalties without altering reporting requirements or deadlines.